In our very first blog, we talked about our Burning Mechanism: https://lavaswap.medium.com/flame-on-lava-swap-is-imminent-1960ef131702
Now is a good time to review it, with LavaSwap surpassing $200m in TVL last week and currently at $65m+ TVL!
Trading Fee and Token Burn System
A 0.3% fee on all trades will be collected and redistributed to benefit the Lavaswap ecosystem. 0.25% will be added to the liquidity pool and accrued in real time. The fees are claimed automatically when withdrawing your liquidity. 0.025% will be used to buyback and burn LAVA, and another 0.025% will be used to continue innovation and further development.
That means that 8.3% of all fees on all trades will be used to buy and burn LAVA! 😲🔥🔥🔥
It is a way to give back to the community for their amazing support!
Check out our latest Token Airdrop & Pool: SKM https://lavaswap.medium.com/the-next-heco-token-airdrop-pool-on-lava-is-skm-2d24595ec8f3
LavaSwap is flaming hot! Don’t miss out and stake now: https://lavaswap.com/
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LAVA is a the first interoperable decentralized cross-chain swap protocol powered by Huobi Eco Chain. We believe that DeFi should be fun and easy to use for everybody.
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